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Crude Oil Price Reaches Our Final Price Target – Analysis – 02-09-2026
Crude Oil extended its gains strongly during its recent intraday trading, with its latest rise reaching the resistance level of $90.50, which represented our final price target. This comes amid the dominance of the short-term bullish trend, with the price moving along a trendline that reinforces the strength of this direction, with continued positive pressure resulting from trading above EMA50.
On the other hand, we notice the emergence of a bearish crossover in the relative strength indicators after they reached deeply overbought levels. This may limit the strength of the bullish momentum and curb the pace of the price’s rise in the near term, especially after reaching the specified price target.
Silver Price Continues to Decline Amid Increasing Technical Pressures –Analysis – 02-09-2026
Silver continued to decline during its recent intraday trading, affected by its earlier break below a major short-term bullish trendline, keeping negative pressures in control of the price movement, besides continued trading below EMA50, which represents dynamic resistance and limits the chances of a recovery in the near term.
MoreGold Price Reaches Our Price Target – Analysis – 02-09-2026
The price of gold sharply deepened its losses during its recent intraday trading, reaching $4,300 support, which was our price target in previous analysis. This comes amid the dominance of a steep bearish corrective wave in the short term, along with continued negative pressure resulting from trading below EMA50, accompanied by negative signals from the relative strength indicators.
MoreEURUSD Declines Under Pressure from a Bearish Corrective Wave – Analysis – 02-09-2026
The EURUSD price declined during its recent intraday trading, amid the dominance of a short-term bearish corrective wave, with the pair moving along a trendline supporting this direction, with continued negative pressure comes from trading below EMA50 reduces the chances of a full recovery in the near term.
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